Yorktown, Delaware County, Indiana Property Taxes
Median Yorktown, Indiana effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%. Median Yorktown, Indiana home value: $154,300. Median annual Yorktown, Indiana tax bill: $1,565, $835 lower than the national median property tax bill of $2,400.
How are property taxes in Delaware calculated?
Property taxes in Yorktown, Indiana are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Yorktown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Yorktown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Yorktown, Delaware County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$1,466
$1,360
Property Tax Rates Across Yorktown, Delaware County, Indiana
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Yorktown in Delaware County, Indiana, offers an interesting case study. The effective property tax rate here is 0.95%, which is below the national median of 1.02%. This lower rate can be appealing to property owners, as it often translates to a lower property tax bill compared to the national median of $2400. However, it's important to consider that property tax rates are just one piece of the puzzle when evaluating property taxes. The assessed value of a property and available exemptions also play significant roles. While Yorktown's rate is consistent across the county, it's crucial to stay informed about any changes in local tax legislation. Understanding these dynamics can help property owners make informed decisions and potentially save on their property taxes.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Yorktown Tax Rate
0.95%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Delaware County Tax Rate
0.99%
Median Effective Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Yorktown, Delaware County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47396 | 0.51% | 0.74% | 0.95% | 1.06% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Yorktown, Delaware County, Indiana
When examining property taxes in Yorktown, Indiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Delaware County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Delaware County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Yorktown. For example, the median home price in Yorktown is $154,300, with tax bills ranging significantly across the county. Zip code 47396 has the highest median home price at $154,300.
Property Tax Assessment Values Across Yorktown, Delaware County, Indiana
Source: Ownwell
$37,300
$119,175
$201,050
Median Yorktown Market Value
$154,300
Median Delaware County Market Value
$101,600
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Yorktown, Delaware County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47396 | $71,100 | $96,350 | $154,300 | $254,300 | $388,000 |
Source: Ownwell
Property Tax Bills Across Yorktown, Delaware County, Indiana
Median Yorktown Tax Bill
$1,565
Median Delaware County Tax Bill
$1,073
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Yorktown, Delaware County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47396 | $421 | $792 | $1,565 | $2,735 | $4,054 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Delaware Tax Assessor | |
| Website | beacon.schneidercorp.com |